Sky News
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No tax increases to be announced by chancellor, Labour minister confirms
Posted
July 29, 2024
Views
33,022
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232
Comments
193
Engagement
1.29%
July 29, 2024
33,022
232
193
1.29%
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2:39
7:16Now PlayingCabinet Office minister Pat McFadden has told Sky News the Labour Party knew they were going to "inherit a difficult situation", but "what we've discovered since taking office a few weeks ago is that things were even worse than we thought".
Mr McFadden refused to confirm exactly how big the "black hole" in the budget is, but said it will require the new government to "take some difficult decisions".
He confirmed that today "is not about tax increases", but rather about spending, insisting that the manifesto pledge to not raise income tax, national insurance, and VAT stand.
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#labour #chancellor #tax
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